Now assume the economy is in the Great Recession. In the following graph, show how the fiscal and monetary policy response to the crisis helped pull the economy out of the Great Recession. SRAS AD SRAS AD YOne effect of the losses banks took on mortgage bonds was they were unwilling to make new loans. In the AD/SRAS model (ignoring the LRAS), show how this impacts the economy in the following graph. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. O SRAS AD O SRAS ADRecently oil and gas prices have been increasing, which is a concern to policymakers at the Federal Reserve. Use the following AD/SRAS graph to illustrate how this development could complicate the Fed's efforts to return the economy to its long-run equilibrium. O SRAS AD -O SRAS AD Y